The majority of my blogs — dedicated to making money — come from the angle of online or passive sources of income. 17. 38. I’ve had, I don’t know, 15 different businesses (just counting the ones that have been viable). Research the various types of ownership structures. 48. Brand your business Choose a name for your business or choose a brand name you know you can trademark Decide on your “brand message,” also known as your unique selling proposition or value … The attorney listings on this site are paid attorney advertising. 14. Decide whether to use the cash or accrual system of accounting. Make sure any space you're considering is or can be properly zoned for your business. Determine viability. 13. Make Sure Your Proposed Business Name Is Available, Tips for Assessing the Cost of the Commercial Rental, Commercial Leases: Negotiate the Best Terms, State Start-Up Requirements for Small Businesses, Local Start-Up Requirements for Small Businesses, Deduct It! 45. That’s half the battle right there. Think of several business names that might suit your company and its products or services. Be brutally honest. Familiarize yourself with the general tax scheme for your business structure. The best way to complete this step is by taking out a pen and a piece of paper and just doing a complete brain dump. It goes without saying that this step takes some people a lot longer than others. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. For corporations and LLCs: check the availability of your proposed names with the Secretary of State or other corporate filing office. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. Set up a recordkeeping system for all payments to and from your business. Once you have it all down on paper, then — and only then — you can start to put together the order in which you need to do things. 2. Lower Your Small Business Taxes. For help with the beginning stages of operating a business, the following checklist is a great place to start. Step four: Do some market research. 6. Of course, it goes without saying that I’m offering these quick tips assuming that you are not already a member of the Marketing Impact Academy. Choose a fiscal year if your natural business cycle does not follow the calendar year (if your business qualifies). Start Your Own Business: 50 Things You'll Need to Do 1. Thinking about starting a business? Owning a business means you’ve made a commitment to: Step two: Decide if you have what it takes. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Purchase small business accounting software. There is a big difference, though, between starting a business and just making extra online income. 43. 3. 44. If you are unsure, talk to a lawyer. In some states, the information on this website may be considered a lawyer referral service. … 37. (If working from home, make sure your business activities won't violate any zoning restrictions on home offices.). Obtain a federal employment identification number by filing IRS Form SS-4 (unless you are a sole proprietorship or single-member limited liability company without employees). Check with your county clerk's office to see whether your proposed names are on the list of fictitious or assumed business names in your county. Absolutely everything that you could possibly know and learn — from nuts to bolts — should be on this paper (and then some).

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